Maneuvering by politicians at the U.S. Capitol has been fierce during the partial government shutdown.(Photo: Chip Somodevilla, Getty Images)

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Catalina Camia, USA TODAY

The nation is now one day away from a potentially disastrous default as the partial government shutdown begins Day 16. Financial markets are in wait-and-see mode as all eyes turn to the Senate. What you need to know about the shutdown and debt limit on Wednesday, Oct. 16:

Senate back in charge after House GOP pulls bill

The burden to find a compromise now lies in the Senate, where Majority Leader Harry Reid and Minority Leader Mitch McConnell resumed control of negotiations after a frantic day in the House of Representatives. A plan by House Republicans to reopen the government and raise the ...